Convertible Preferred Securities means preferred stock issued by the Borrower that is convertible into shares of common stock of the Borrower.

Convertible Preferred Securities means up to 220,000 shares of 6.75% Convertible Perpetual Preferred Stock (liquidation preference $1000 per share) in the aggregate principal amount of up to $220,000,000, of which 200,000 shares were issued by the Borrower on March 21, 2006.

Convertible Preferred Securities has the meaning specified in the recitals to this Indenture.

Examples of Convertible Preferred Securities in a sentence

Distributions shall be made on the Convertible Preferred Securities and the Common Securities in accordance with the preferences set forth in their respective terms.
Any waiver by the Holders of the Convertible Preferred Securities of an Event of Default with respect to the Convertible Preferred Securities shall also be deemed to constitute a waiver by the Holders of the Common Securities of any such Event of Default with respect to the Common Securities for all purposes of this Declaration without any further act, vote, or consent of the Holders of the Common Securities.
Upon such waiver, any such default shall cease to exist, and any Event of Default with respect to the Convertible Preferred Securities arising therefrom shall be deemed to have been cured, for every purpose of this Declaration, but no such waiver shall extend to any subsequent or other default or an Event of Default with respect to the Convertible Preferred Securities or impair any right consequent thereon.
The Trust shall issue no securities or other interests in the assets of the Trust other than the Convertible Preferred Securities and the Common Securities.
On the Closing Date the Sponsor will purchase all of the Common Securities issued by the Trust, in an amount at least equal to 3% of the capital of the Trust, at the same time as the Convertible Preferred Securities are sold.

More Definitions of Convertible Preferred Securities

Convertible Preferred Securities has the meaning specified in the first recital of this Guarantee Agreement.

Convertible Preferred Securities has the meaning specified in the recitals to this First Supplemental Indenture.

Convertible Preferred Securities. The 7% Trust Convertible Preferred Securities of the Trust.

Convertible Preferred Securities is defined in the Statement of Common Definitions.

Convertible Preferred Securities means the ___% Citizens Utilities Convertible Preferred Securities, each with a liquidation value of $50, representing preferred undivided beneficial interests in the assets of the Trust.

Convertible Preferred Securities has the meaning set forth in the recitals to this First Supplemental Indenture.

Convertible Preferred Securities shall have the meaning assigned thereto in the Indenture.